The Blues were rumoured to still be in the race for the Southampton and England teenager, but with the South Coast outfit holding out for close to £30m a deal looks unlikely given the arrival of Cesc Fabregas and the imminent official purchase of Diego Costa for a combined £60m
Although a striker and creative midfielder were the club’s priorities, a new left-sided defender is also on the agenda, with Ashley Cole having been axed and Cesar Azpilicueta used in the position for the latter half of last season.
Schennikov has now emerged as a target, with the 23-year-old thought of as one of Russia’s top talents.
He is set to star for his nation at the World Cup in the coming weeks, and could be available for around £7m – a fraction of the fee needed for Shaw.
CSKA have already resisted advances for their starlet from Real Madrid and AC Milan, but Chelsea could win out due to owner Roman Abramovich’s connections and status in his homeland.